Organizations whether incorporated or not, whether with profit motive or not are required to comply with laws of the land as they also observe an ethical and moral code of conduct in the interests of accountability, sustainability and transparency. Good corporate governance can only be achieved by timely legal compliances through internal audits by a team of professionals either within the organization or by retaining experts from outside.Periodic check of legal compliances through an online MIS reporting mechanism specially in complex Indian legal system not only can protect the Organizations from severe penalties and prosecutions but also safeguard the interest of stake holders viz.Promoters, JV Partners, Employees, Lendors,Retail Investors, Suppliers and General public at large.
No comments:
Post a Comment